now, rental apartment vacancies fell, and rents rose, but with job -- some are wondering how that can continue to be. one answer is people had no choice when housing was crashing, but this at the same time as over 100,000 new apartment units are set to open. we have much more of this online. >> it was certainly a big number today. ahead in the -- parent the smart money got out of gold well before the two-day drop. we'll find out where the money went on "power lunch." and yahoo! is getting ready to report numbers after the bell. can you double down on the fact that marissa mayer is now in charge?

a big earlier, we showed you the chart of gold chez rebounded from yesterday's phenomenal drop. prices are about to close in just a couple seconds. sharon epperson is tracking the action. you know, it is a 1.7% advanced,

sharon, but giving the magnitude of the drop, k >> the largest one-day drop on the record. the bounce is not very large at all. some traders say, of course it's expected when you fall something like $150 in the course of a day, you see this kind of bounce. we did have goldman sachs saying they are changing their stop on this short position, we're also keeping an eye on what is happening in terms of exchange-traded funds. that's been a big reason many traders were siding for the slide, in exchange-traded funds. what we saw on friday was over $1.2 billion coming out of the largest gold etf, the gld, the spyder gold trust.

traders have been paying close attention to the change in open interest in gold futures and the decline there was not very great at all, only about 3300 contracts. what some traders are say is that it tells you a long mark had a lot of shorts coming in. the cme has raised margins, not only on gold, but on many of the metals. that's something that's not contributed much to the volatility. some traders saying that is yesterday another reason for the global growth is slowing. we did get good economic numbers. but still it's rather remarkable how strong the market is and the breadth of the market. i have to get put up these sectors. when you soo el health care moving up with financials, moving up with materials and consumer staples, all, look at that, that's a broad market advance. i think that speaks to the

resiliency of the united states. copper miners or silver miners, or gold miners, or even physical palladium or platinum, all moving to up the side. i do want to conclude by noting the building products sector is very strong today. we're getting vulcan materials with an upgrade. this is a play on the whole construction industry, granger also had agreed numbers, owens-corning got an upgrade from citigroup, look at some of the products that involved the lumber industry, with construction, all of them stronger today. >> you're very glass half full today, bob. i like it. >> it's important when all rebound, it speaks to the resiliency of the u.s. market. >> i think the context importantly was that it had been so resilient for so long but yesterday. the nasdaq is no flinch. let's get to seema mody. >> starks, take a look at this

new report from np did that shows that amazon is stealing market share from apple in the music download market with amazon mp 3 having 22% of the market, partly due to the new products that amazon has rolled out, including the kindal tab lett, which now consumers are using to buy music off of apple itunes still the top player with 63% of the market in the fourth quarter of 2012. tech earnings very much in focus. for all yaw high, eyes on the display. analyst focusing if on who will take over after the current ceo steps down. showing some grin after morgan stanley wrote after a lake lust irwindows they launched the gap between sentiments and fundamentals looks as wide as ever. so that's one stock on the move to the up side. back over to, simon and sue. >> thank you very much. seema. let's get over to chicago, rick,

can we confirm across asset classes this optimism that bob pisani sees from stocks? i guess there are things going on that would be positive. sometimes it accident. leverage in positions are nasty things. if you look as a two-day start of rates, they're reversing a bit. opening the chart up to decent, you can see we're still lower than we closed last year. no different yesterday, three and six-month after the gold started to give up ground, we see more interest in t-bills. dollar index, i heard larry's

piece on gold, fascinating, but it hasn't help the greenback. greenback is at a 5 1/2 week low, certainly it's patterned the mirror image of the european currencies. it looks like it will be in for a bumpy ride. what's the market moen doing following a recent sell jo of? we welcome back david bailen at citi private bank. good to see you again, david. >> thanks for having me back. >> it wasn't just the gold market as we mentioned, but a broad swath of commodities that got hit hard last week, but let's focus on the gold mark. you think a lot of the big hedge fund money was already out of the mark? >> correct. most of the big long positions producers really were taken, and a lot of the private banks really moved out of the gold between four and eight weeks ago. we basically saw economic recovery picking up. the need for that hedge going

away. >> you know, longer term then, do you see any value in the gold market? if indeed the recovery is coming back? the way you and larry both seem to think, steady but certainly coming back. a lot of people think this is the gold mark for the next few years. do you agree with that? >> i don't think it's too extreme. we have a zero taking on more risk, and having, you know, better underpinning for the economy, we think the gold position is largely unnecessary in portfolios. >> why japan specifically? >> these actions are rather radical. that means that japanese insurers will have to -- and other financial institutionless have to seek out risk estates, then in terms of bonds globally. and so basically what we're see

is the anticipation of that in the market so far. what we expect is a very significant increase in the nikkei, a significant decrease in the value of the yen, and a lot of assets moving from japan overseas. >> yet if you look at the chart of the nikkei that we just had up over a one-year period of time, it's already up over 37%. does it need to take a break? >> the bank of japan is setting new starting points and it has performed extraordinarily well. we think it has another significant leg up. remember the large institutions will be japanese moving from japanese institutions moving from fixed income in a by way, and we think the overseas money will follow as well. how would you play it and how are some of your clinds playing it? >> it's sore of counter intuitive. a lot of the hedge funds are expecting the prices to fall.

in the u.s. we see that as a competitive advantage. we like the murph sector and other sectors that will benefit. if regulation changes, we think u.s. becomes a net energy exporter, and we like that play as well. both pipe limes, other means of transport, and obviously production. >> is there any other area of the globe that you like, we talked about japan, we talked about energy, which in essence is a global play as well, but any other sectors that you think look attractive? >> there will be certainly beneficiaries of the move, countries like taiwan will benefit in lockstep. so there are selective markets. then in gem we have a favorite area in european equities, especially multinationals, where you boo i the stock in europe, but you get glob exposure between 65% and 80% of their revenues being noneuropean. if you hadn't for value, we like

it. last le, as we talked about last time, we continue to like dividend equities. we think with the ten-year at 176, 177, that being ability to get a stock that's buys back shares that has real likelihood of improvement in their dividend stream and better improving revenue outlook, we think that's a terrific play. there are quite a few of those available. the story we think also has legs now. >> david, we'll leave it at that. thank you so much for joining under the circumstances. >> appreciate being here. simon? >> we need to take a break. bomb attacks raising new fears about outdoor public eye vents. our eamon javers is at the first major outdire event since boston. we will go live there. >> the day after the terror attacks, they're holding a major parade right here in downtown washington, d.c. i'll tell you how it's going when we come back on "power lunch." everybody has different investment objectives,

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[ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. up 13% in part because of increased prices and strengths in all regions. also boasted the lower end. today we asked you on yahoo! finance.com, do you think a further correction in stocks is

on the highsen? 5% set more than half of you say yes, it's coming. 20% say no, we have more room to run, 25% say i'm not convinced either way, which is an interesting -- very interesting survey there. now, let's see what's coming up on "street signs." if gold isn't safe, what is safe these days? we have two clever minds, and they're looking everywhere, under mattresses, in socks, td ameritrade is continuing to see double-digit growth. so we have the ceo exclusively, i might add, to tell us what exactly the retail investor is thinksing and how they're going to trade. also as america is reeling from the devastating boston bombings, we ask our guests, have americans being too complacent? a very interesting discussion on the show. all those things happening on or shows, "street signs" 2:00 p.m. eastern.

>> to ma point. president obama speaking earlier, saying we still don't know who carried out the attacks. two confirmed explosive devices detonated near the finish line of the boston marathon yesterday. three people were killed, including an 8-year-old boy. about 170 people were hurt. some were hurt very seriously, including amputations. while there's no evidence more attacks are planned, it's understandable that the nation well beyond boston is now shaken. eamon javers is live in washington at what may be the first major public event since the boston bombings. eamon? >> reporter: hi, simon. it's emancipation day here in the capital. this one day after the attacks in boston, but i've got to tell you guys, there are police officers here and authorities

did promise a heavy security presence, what they called both visible and invisible to the average person kinds of security out here, but it does not feel all that different from a typical parade event. we're only about one block from the white house. this is always a fairly secure area, but i'm standing here next to an open trash can that's been completely unsecured. we have the jamaican checking cooking up great smelling chick chicken, the music, the crowds, the fans, all the typically things, and not a very heavy militarized security presence. that may be one of the things that was on the minds of mitch mcconnell earlier today when he talked on the senate floor about lacks security in the united states. >> the complacency that prevailed prior to september 11th has actually returned. and so we are newly reminded that serious threats to our way of life remain, and today again we recommit ourselves to the

fight against terrorism at home and abroad. >> reporter: guys, the people we talked on out here said they feel like they're concerned about the security situation, but they feel safe, this el see the police and thought it was important to come out here today to show the world and the country they're not afraid here in washington. back to you. >> eamon thank you very much. as you know, simon and i are here at the new york stock exchange, it's one of the many new york city landmarks with constant and very heavy presence. so we decided to go cult side, right, simon? >> it's an iconic building. outside the gates we went to look at how exactly things work down here and specifically how they're working today.is tight, normal, but on an a takes quite in. if you have a pass, you can just go right through this line right here, they check your bags.

you have to open up everything in your possession and let them take a look. if you do not have a pass, however, you go into this white tent, where they check you out and they call someone down to bring you onto the trading floor or wherever you need to go i want so you see today the flags are at half-staff as a result of what happened in boston, as a mark of respect. once you get through the white tense, you go through the various entrances down what is pretty tough, pretty tough security. >> it is indeed. tougher than what you would normally see, but not dissimilar to it. you have metal detector, you have an x-ray machine, and in addition you can't get through security unless you have a pass, either a visitor's pass, or in our case a media pass, which allows you to go through. and then you go onto the trading floor. >> that lot i'm getting through. as far as the floor is concerned, the old rules are still maintained if you're a

man, or if you're anybody, you can't wear jeans if you're a man, you have to wear a jacket rmts appropriate atires at all times at the nyse. >> yes. this is quite different than the pre-9/11 nyse security. there used to be a gallery where you could come in and it was easier. >> with visitors i want yes, you can't. there's always a lot of ammered. netgear below analyst expectations. also expects revenue for the period to come in toward the low end of its prior projections. that's due, it says. to lower than planned shipments of the new line. the stock near session lows, down about 7.7%. simon, back to you. >> thank you very much, josh 689 hats yahoo! turned the corner under the new ceo? of course it's reporting tonight. that will be a lead part of our power rundown when we come back. tuesday lunchtime on cnbc. y's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies...

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yahoo! is out with earnings after the bell tonight. the street looking for a gain of 24 cents, revenues of 1.1 bill chron. ahead of the news of yahoo! slightly lower, but it's had a pretty good run. jon fortt is in san jose about what we've been watching for.

hi, general. >> here's the thing with the yahoo! quarter, display or brand ads been in at serious slump. down year over year for six quarters. meanwhile, the search has been growing for the last four quarters despite the fact that microsoft has had trouble get -- last quarter it was 35 -- so for yahoo! to deliver this quarter, a couple things have to happen, it boosted engagement for display ads. guidance is critical, because they run into tough you are growth. jon, stay there. let us envelope you, if we may in the power rundown. the results about jon notwithstanding, would you bet on marissa mayer after this

run-up in the stock? >> absolutely. i think she's been an inspiration to a lot of people. annex dotally, they feel so much better about the company, and that's a big thing in the tech industry. you have to love who you're working for, she'll really doing that. the stock is reflecting that run-up. >> it sounds like style over substance. >> i've met her, she's a very impressive person. >> jon staying longer, particularly on the home page with the changes they instituted. >> i realize you both are call john. i hope the rell of the rundown goes better. we know intel is going to be down tonight, guys, we know pc shipmentses are down. karney, what do you think will be the saving grace moving forward? >> it's a test of whether intel can adapt to the future. the future is, you know devices like this and not devices like

this. people want mobile -- intel is into selling expensive chips to big servers. that won't be a driving force for the future. whether they can turn and make the adjustment is yet to be seen. >> mr. forte, is the west coast in agreement? >> they have to figure out how to take their mobile chip and lte chip and integrate it into one. that gets it small enough to fit into a cell phone. they haven't done that quickly enough. that's where qualcomm has been beating them. let's swap topic and talk about how apple stock has decline. the latest news over china, it's ramping up protection for the iphone 5s. karnry are you a buyer? i think the risk is more that it goes up than it goes down at this point. >> jon fortt, is it down and out?

>> well, probably not out, but look, i think we have to see what their response is to the lower end and mid fehr saturdayphone tend. do they have to sacrifice margins? of course we see the chinese economy looking iffy lately. we'll look to see how confident they feel about that. >> let's finally turn to dell, a deal that icahn has doone. he says he will limit half his stake at 10%. in return he'll get information that management says will maximize the chances of elitting a superior proposal. john karney, a good idea on behalf of the incumbents? >> look, i have to say wouldn't it be fansic to be carl icahn. wouldn't it be please don't spend more money and we'll give you better access? he's win in a deal, and he's won in this one. sure, i'll keep more of my cash

to myself, and you let me in and look at my books. that's an amazing deal. >> jon? >> he does a great job figuring out situations, where he pretty much can't lose. i've got to say the latest pc numbers, we're likely to see from intel actually strengthened michael dell's hand. >> thank you very much for that bumper edition of rundown. we have it's not where we were, we're only up 124 points, but at this stage we'll take it the the winners next on "power lunch." my mantra?

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♪ welcome back to "power lunch." ion forte in silicon valley. breaking news, electricity customers being asked to conserve energy, a substation, a power substation was damaged this morning before 2:00 a.m. pacific time apparently in the vandalism efforts a vandal shot out a transformers heavy damage to the transformers at the substation of pacific gas & electric is saying this is in san jose. the metcalfe substation serves

quite a bit of the valley. >> i'm a foreigner here. at what point are americans going to stand many and say actually we need backups, this isn't good enough you take down power grids with one act of vandalism. >> it was the same here in new york. >> it's difficult. a some the summertime you end up with the flex alerts anyway because of air conditioner usage. it's a difficult problem. >> but an act of vandalism that is a story with legs this afternoon. that does it for us. . oil is still down, which is good news for gas prices, but maybe bad news for refiners and

drillers. we'll have your trade. speaking of trading, the ceo of td ameritrade is here, what his clients are doing with their money. let's begin with mandy and the latest on the boston terror attacks. >> this is what we know at this hour. president obama says the